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RE: Thoughts on earnings and delegations out
I'm not talking about curation.
The example in the post is clear enough. 450 SP is required to gift a commentator a non dust vote. We have 1.1 million accounts on or less than 500 SP.
Why should I support an account who has delegated and dropped below this level? For .05 a day. I could gift them 10 days Bot delegation profits with 1 vote.
It does matter where your SP Is at, it's not worth your time commenting, but is is for over 99% of the platform, who if they tie in with the likes of myself, taraz, and a solid growing community like @helpie, will almost certainly grow faster than delegating out and expecting visitors.
OK. I am, because I’m not interested in posting much at the moment. I’m busy with other things. And curation is the way that investors can earn without delegating and without shitposting and self-voting...which then gets everyone angry again. I’m giving you my own reasons for delegating to help you understand economic incentives...since we’re all making economic decisions here.
The money continues to flow into bid bots because stakeholders can’t earn much from curation, relative to what they can get from a “set it and forget it” bid bot.
I don’t know. What are your reasons for supporting someone? If it’s based on the size of their vote and not on whether or not you like their content, then I’d say you’re doing social media wrong. But that’s my subjective opinion.
Anyway - I’m telling you why large stakeholders don’t care and why many users are delegating to bid bots. So you can be pissed that it’s happening and lash out at everyone involved...or you can hold those accountable who made this shitty system what it is today. If you’re not willing to do the latter, then the former just makes no sense.
I’ll continue speaking out and doing what I can to fix the massive mistakes that have been made and will be made again starting next month with HF20. Because I don’t care about the size of your wallet. I want a system that works for actual “investors”...the ones who add the actual value around here to our Steem currencies. If we aren’t doing anything to make it worthwhile for people to invest, then we should all just cash out now.